Alex Enterprises manufactures baseball equipment. During the last quarter of 2020, the company produced 50,000 baseball bats. The company's accounting records reveal the following information about the last quarter's production:
Based on the given information, determine the company's Cost of Goods Manufactured (COGM) for the last quarter of 2020.

Question

Alex Enterprises manufactures baseball equipment. During the last quarter of 2020, the company produced 50,000 baseball bats. The company's accounting records reveal the following information about the last quarter's production:
 Based on the given information, determine the company's Cost of Goods Manufactured (COGM) for the last quarter of 2020.

Quizplus · Accepted Answer

COGM = Beginning WIP Inventory + DM + DL + MOH - Ending WIP Inventory: $104,000 + $227,000 + $109,000 + $162,000 - $86,000 = $516,000.

Alex Enterprises Manufactures Baseball Equipment